General Motors names Suryadevara CFO to succeed Stevens

Dhivya Suryadevara

The new CFO of General Motors

General Motors stated on Wednesday Dhivya Suryadevara, presently vice president of corporate finance, is going to succeed Chuck Stevens on September 1 as chief financial officer of the leading automaker in the US.

Suryadevara, 39, has played an remarkable role in some major deals GM has made as it has restructured operations during the last several years, consisting the divestiture of the company’s European arm Opel and the addition of self-driving vehicle startup Cruise. She played a role in securing previously this month a $2.25 billion investment in GM Cruise by Japanese tech giant SoftBank Group, the automaker stated.

In her 13 years with the Detroit-based company, Suryadevara assisted to gain ratings upgrades from all three credit ratings agencies, completed $2 billion in notes issuance to cash discretionary pension contributions and upsized and renewed automaker’s $14.5 billion revolving credit facility, the automaker stated.

Suryadevara was named vice president, corporate finance, in July last year, a job that included overseeing investor aspects.

Stevens is going to remain with the company as an adviser until his retirement in March, the company stated. Stevens has worked at the automaker for four decades and became CFO in January 2014.

“We expect a smooth transition and status quo on the strategy,” RBC Capital Markets analyst Joseph Spak wrote in a note on Wednesday.

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